Budget

On Thursday, a new unemployment bill died in Congress as Senator Ben Nelson (D-Neb.) joined Republicans on the grounds that government spending can't go on forever. Instead of reporting both sides, the media couldn't seem to hide their anger. The bill was called a "jobless aid" package that "governors were counting on" to help "the poor" across the nation. Almost all news reports began from the…

On Friday's Situation Room, CNN's Jack Cafferty tossed cold water on the Obama administration's "recovery summer" claims, stating that the "current recovery has been one of the worst for job creation ever." Cafferty also criticized the dangerous growth in the national debt, underlining that there "appears to be a rather serious disconnect," as the President requested billions in additional…

For taxpayer-funded PBS, the blueprint for America's future is centered on advancing the Obama administration's taxpayer-funded green agenda. In the June 17 installment of "Blueprint America," Miles O'Brien, a "NewsHour" special correspondent, hailed Dubuque, Iowa as the "city of the future" for transforming itself into a liberal beacon of environmental sustainability.O'Brien's piece showered…

The network morning and evening news shows have all but ignored President Obama's Saturday letter to congressional leaders asking for $50 billion in additional spending to prevent the "massive layoffs of teachers, police, and firefighters." Only Sunday's Good Morning America on ABC has covered the President's request so far.The chief executive's June 12 letter to Speaker Nancy Pelosi, Senate…

CNN's Jack Cafferty ripped the Democratic-controlled Congress for their inaction to pass a budget during a commentary on Thursday's Situation Room: "The Democrats in Congress can't be bothered to pass a budget for next year. That's their job....It's simply outrageous." Cafferty also channeled the Tea Party and strongly condemned the federal government for "taking us down the road to financial…

Has Pres. Obama's ass-kickin' line given license to MSM members to offer cruder commentary?  Could be, judging from Mika Brzezinski's Morning Joe performance today, in which she suggested that House Republican leader John Boehner should "just bend over."Mika normally plays the role of Morning Joe hall monitor, keeping the rambunctious trio of Joe Scarborough, Mike Barnicle and Willie Geist in…

Is it the government’s job to spread happiness? A former president of Harvard University, who was profiled on the June 2 PBS “NewsHour,” seems to think so. Derek Bok, author of The Politics of Happiness, believes the government should be in the business of manufacturing happiness.“I think a government that tries, systematically, to relieve what causes lasting misery and emphasize what gives…

Three months after the networks, led by ABC’s Jonathan Karl, derided Senator Jim Bunning for daring to hold up an “emergency” spending bill which circumvented the “pay as you go” rules, as Karl made a fool of himself chasing the elderly Senator into elevators to cajole him to give in, on Monday’s World News Karl had the chutzpah to scold Congress for approving “emergency” spending which doesn’t…

Today was a same-old, same-old day in California.For the second year in a row, a state official has proposed eliminating the former Golden State's "welfare-to-work" program, which the rest of us know as "welfare," or Temporary Assistance for Needy Families (TANF). Last year, it was left to a spokesman for the state's Department of Finance to bring out the idea. This year, Governor Arnold…

The comparison of the results contained in the April 2010 Monthly Treasury Statement released this afternoon to April of last year is bad enough. But if the American people knew that April 2010 came in about a quarter-trillion dollars worse than both 2007 and 2008 with almost 40% less in tax collections, most of them would be appalled. Many more than are already doing so would be questioning what…

It doesn't seem like this exercise should be that tough. The government issues Daily Treasury Statements telling everybody what went in and out on a given business day. At the end of the month, the last Daily Treasury Statement has a record (admittedly jumbled and larded with lots of bureaucratic excess) of all receipts and disbursements for the month. The folks at the Congressional Budget…

Chris Matthews is stuck in the 1970s, it seems, and I'm not  talking about his pop culture references. Talking with CNBC's Jim Cramer on the May 6 "Hardball" about the Greek fiscal crisis, everyone's favorite MSNBCer blamed "right-wing" dictators from the Cold War era for financial troubles in Greece, Portugal, and Spain [MP3 audio available here]: I'm a political guy, you're a money…

Most economists are not susceptible to partisanship in their work, a new scholarly study finds. But anyone who reads Paul Krugman's columns in the New York Times will hardly be surprised to learn he is a glaring exception to the study's findings. He consistently changes his fiscal views depending on the party in power."Krugman has changed his tune in a significant way regarding the budget deficit…